Re:The Pitchforks Are Coming For Us Plutocrats (2014)
by roenxi on Thursday June 04, 2020 @05:59PM
(#23422452)
Most that wealth was created in the last 20 years. Amazon, Google, etc, etc barely or didn't exist in 2000. If you are >20 years old, you have seen a world where there was substantially less wealth and inequality. It would be very easy to reduce the wealth of rich people by returning to how the business world was in 2000. Pretty sure Bezos of Amazon is the richest man in the world right now.
Destroying the wealth would be the fastest and easiest way to reduce wealth inequality that has built up in the last 20 years. It is a terrible idea. So the problem to solve is probably not wealth inequality.
To try and put it simply, halving the wealth of rich people is bound to have an effect - but that effect might be great or horrific for everyone else.
This assumes that halving the wealth of rich people would have no impact on the world other than changing this immeasurable inequality. That seems unlikely.